Louis J And Fannie Roncoli Foundation Inc
Louis J And Fannie Roncoli Foundation: Consistent Spending, Minimal Transparency
EIN: 222141748 · Cranford, NJ · Updated: 2026-04-04
About Louis J And Fannie Roncoli Foundation Inc
Louis J And Fannie Roncoli Foundation Inc (EIN: 222141748) is a nonprofit organization based in Cranford, NJ. The organization reported total revenue of $364K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Louis J And Fannie Roncoli Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Louis J And Fannie Roncoli Foundation Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Louis J And Fannie Roncoli Foundation Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, suggesting either no paid executives or compensation below reporting thresholds, which aligns with the foundation's minimal operational footprint.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Louis J And Fannie Roncoli Foundation Inc's IRS 990 filings:
- Consistent 0% program spending raises significant questions about the foundation's charitable purpose and activities.
- The foundation consistently reports 'l1' for lobbying expenses, indicating some level of lobbying activity without further detail.
- Lack of detailed information regarding the nature of administrative expenses, which consume 100% of reported expenditures.
Strengths
The following positive indicators were identified for Louis J And Fannie Roncoli Foundation Inc:
- The foundation maintains a stable asset base over several years, indicating financial consistency.
- No reported fundraising expenses, suggesting a lack of active public fundraising efforts.
Frequently Asked Questions about Louis J And Fannie Roncoli Foundation Inc
What does Louis J And Fannie Roncoli Foundation Inc do?
Louis J And Fannie Roncoli Foundation Inc is a nonprofit organization in the Unknown sector, located in Cranford, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Louis J And Fannie Roncoli Foundation Inc have?
Louis J And Fannie Roncoli Foundation Inc reported total revenue of $364,073. Based on 10 IRS 990 filings on record.
What are Louis J And Fannie Roncoli Foundation Inc's total assets?
Louis J And Fannie Roncoli Foundation Inc holds total assets of $2,041,586 as reported in IRS 990 filings.
Where is Louis J And Fannie Roncoli Foundation Inc located?
Louis J And Fannie Roncoli Foundation Inc is based in Cranford, New Jersey.
What is Louis J And Fannie Roncoli Foundation Inc's EIN?
Louis J And Fannie Roncoli Foundation Inc's Employer Identification Number (EIN) is 222141748. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Louis J And Fannie Roncoli Foundation Inc?
Louis J And Fannie Roncoli Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Louis J And Fannie Roncoli Foundation Inc a registered 501(c)(3)?
Louis J And Fannie Roncoli Foundation Inc appears in IRS records (EIN: 222141748). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Louis J And Fannie Roncoli Foundation Inc file IRS Form 990?
Yes, Louis J And Fannie Roncoli Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Louis J And Fannie Roncoli Foundation Inc's revenue in 2023?
In the 202312 filing period, Louis J And Fannie Roncoli Foundation Inc reported total revenue of $117,542, total expenses of $147,983, and net assets of $1,886,725.
Is Louis J And Fannie Roncoli Foundation Inc's revenue growing or declining?
Louis J And Fannie Roncoli Foundation Inc's revenue is relatively stable. Revenue went from $121,840 (202212) to $117,542 (202312), a -3.5% change. Based on 10 filings on record.
What is Louis J And Fannie Roncoli Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Louis J And Fannie Roncoli Foundation Inc covers tax period 202312. It shows revenue of $117,542, expenses of $147,983, total assets of $1,886,725, and liabilities of $1.
Is Louis J And Fannie Roncoli Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Louis J And Fannie Roncoli Foundation Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Louis J And Fannie Roncoli Foundation Inc?
The following concerns were identified: Consistent 0% program spending raises significant questions about the foundation's charitable purpose and activities.. The foundation consistently reports 'l1' for lobbying expenses, indicating some level of lobbying activity without further detail.. Lack of detailed information regarding the nature of administrative expenses, which consume 100% of reported expenditures.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Louis J And Fannie Roncoli Foundation Inc's strengths?
Positive indicators for Louis J And Fannie Roncoli Foundation Inc include: The foundation maintains a stable asset base over several years, indicating financial consistency.. No reported fundraising expenses, suggesting a lack of active public fundraising efforts.. These findings are derived from AI analysis of the organization's financial filings.
How does Louis J And Fannie Roncoli Foundation Inc compensate executives?
Executive compensation is not reported in the provided data, suggesting either no paid executives or compensation below reporting thresholds, which aligns with the foundation's minimal operational footprint. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% program service expenses and 100% administrative expenses, what is the actual charitable mechanism or purpose of the Louis J And Fannie Roncoli Foundation?
Based on the provided data, the foundation does not appear to engage in direct program services. Its expenditures are entirely administrative, suggesting it may function as a holding entity, a grant-making organization that does not classify its grants as program expenses, or an organization with an unstated purpose in the available filings.
What does the 'l1' designation for lobbying expenses consistently reported across multiple years signify for a foundation with no apparent program spending?
The 'l1' designation indicates that the foundation has incurred some lobbying expenses. For an organization reporting 0% program spending, this suggests that its activities, to the extent they are charitable, might be focused on advocacy or policy influence rather than direct service delivery, though further details are needed to confirm this.
Filing History
IRS 990 filing history for Louis J And Fannie Roncoli Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Louis J And Fannie Roncoli Foundation Inc's revenue has grown by 50.7%, moving from $78K to $118K. Total assets decreased by 3.6% over the same period, from $2.0M to $1.9M. Total functional expenses rose by 18%, from $125K to $148K. In its most recent filing year (2023), Louis J And Fannie Roncoli Foundation Inc reported a deficit of $30K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $118K | $148K | $1.9M | $1 | — | View 990 |
| 2022 | $122K | $169K | $1.9M | $1 | — | View 990 |
| 2021 | $209K | $165K | $2.0M | $1 | — | View 990 |
| 2020 | $75K | $161K | $1.9M | $1 | — | — |
| 2019 | $147K | $156K | $2.0M | $1 | — | View 990 |
| 2015 | $173K | $132K | $2.0M | $0 | — | View 990 |
| 2014 | $189K | $104K | $1.9M | $1 | — | View 990 |
| 2013 | $75K | $135K | $1.9M | $1 | — | View 990 |
| 2012 | $88K | $131K | $1.9M | $0 | — | View 990 |
| 2011 | $78K | $125K | $2.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $118K, expenses of $148K, and assets of $1.9M (revenue -3.5% year-over-year).
- 2022: Revenue of $122K, expenses of $169K, and assets of $1.9M (revenue -41.8% year-over-year).
- 2021: Revenue of $209K, expenses of $165K, and assets of $2.0M (revenue +180.1% year-over-year).
- 2020: Revenue of $75K, expenses of $161K, and assets of $1.9M (revenue -49.0% year-over-year).
- 2019: Revenue of $147K, expenses of $156K, and assets of $2.0M (revenue -15.5% year-over-year).
- 2015: Revenue of $173K, expenses of $132K, and assets of $2.0M (revenue -8.2% year-over-year).
- 2014: Revenue of $189K, expenses of $104K, and assets of $1.9M (revenue +150.2% year-over-year).
- 2013: Revenue of $75K, expenses of $135K, and assets of $1.9M (revenue -14.3% year-over-year).
- 2012: Revenue of $88K, expenses of $131K, and assets of $1.9M (revenue +13.0% year-over-year).
- 2011: Revenue of $78K, expenses of $125K, and assets of $2.0M.
Data Sources and Methodology
This transparency report for Louis J And Fannie Roncoli Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.